G20 & India

G20:
 The Group of Twenty (G20) is an intergovernmental forum comprising 19 countries - Argentina,
Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea,
Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom and United States and the
European Union.
 The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about
two-thirds of the world population.
 The G20 was founded in 1999 after the Asian financial crisis as a forum for the Finance Ministers and
Central Bank Governors to discuss global economic and financial issues. It was upgraded to the level
of Heads of State/Government in the wake of the global economic and financial crisis of 2007, and, in
2009, was designated the “premier forum for international economic cooperation”. 
 The G20 Presidency steers the G20 agenda for one year and hosts the Summit. The G20 consists of
two parallel tracks: the Finance Track and the Sherpa Track. Finance Ministers and Central Bank
Governors lead the Finance Track, while Sherpas lead the Sherpa Track.
 The Finance Track is led by Finance Ministers and Central Bank Governors of the member countries.
The Sherpa Track is coordinated by Sherpas who oversee inputs from Working Groups, Initiatives, and
Engagement Groups, and develop recommendations that form the basis of the Leaders' Declaration.
The Leaders of all G20 member countries will debate and sign this declaration at the final New Delhi
Summit if consensus is reached.

India’s G -20 Presidency 

 India holds the Presidency of the G20 from December 1, 2022 to November 30, 2023. The 43 Heads of
Delegations- the largest ever in G20-will be participating in the final New Delhi Summit in September
next year.
 The theme of India’s G20 Presidency - “Vasudhaiva Kutumbakam” or “One Earth · One Family · One
Future” - is drawn from the ancient Sanskrit text of the Maha Upanishad. Essentially, the theme
affirms the value of all life – human, animal, plant, and microorganisms – and their
interconnectedness on the planet Earth and in the wider universe.
The theme also spotlights LiFE (Lifestyle for Environment), with its associated, environmentally
sustainable and responsible choices, both at the level of individual lifestyles as well as national
development, leading to globally transformative actions resulting in a cleaner, greener and bluer
future.
 India will host over 200 meetings in over 50 cities across 32 different workstreams.

What are India's G20 Priorities?

 Green Development, Climate Finance & LiFE
Understanding that the issue of climate change cuts across industry, society, and sectors, India offers the
world LiFE (Lifestyle for Environment) -a behaviour-based movement that draws from our nation's rich,
ancient sustainable traditions to nudge consumers, and in-turn markets, to adopt environmentally-
conscious practices. This ties closely with India’s G20 theme: 'Vasudhaiva Kutumbakam' or 'One Earth.
One Family. One Future.
 Accelerated, Inclusive & Resilient Growth 
An accelerated, resilient and inclusive growth is a cornerstone for sustainable development. During its
G20 Presidency, India aims to focus on areas that have the potential to bring structural transformation.
This includes an ambition to accelerate integration of MSMEs in global trade, bring in the spirit of trade
for growth, promote labour rights and secure labour welfare, address global skills gap, and build inclusive
agricultural value chains and food systems etc.
 Accelerating progress on SDGs
India's G20 Presidency collides with the crucial midpoint of the 2030 Agenda. As such, India acknowledges
the detrimental impact of COVID-19, which changed the current decade of action into a decade of
recovery. In line with this perspective, India wants to focus on recommitting G20's efforts to achieving the
targets laid out in the 2030 Agenda for Sustainable Development
 Technological Transformation & Digital Public Infrastructure
As G20 Presidency, India can foreground its belief in a human-centric approach to technology, and
facilitate greater knowledge-sharing in priority areas like digital public infrastructure, financial inclusion,
and tech-enabled development in sectors ranging from agriculture to education
  Multilateral Institutions for the 21st century
India's G20 priority will be to continue pressing for reformed multilateralism that creates more
accountable, inclusive just, equitable and representative multipolar international system that is fit for
addressing the challenges in the 21st century.
 Women-led development
India hopes to use the G20 forum to highlight inclusive growth and development, with women
empowerment and representation being at the core of India's G20 deliberations. This includes a focus
on bringing women to the fore, and in leading positions, in order to boost socio-economic development
and achievement of SDGs.

December 1, 2022 is a red-letter day as India assumed the G20 Presidency from Indonesia and will
convene the G20 Leaders' Summit for the first time in the country in 2023. A nation deeply committed to
democracy and multilateralism, India's G20 Presidency would be a watershed moment in her history as it
seeks to play an important role by finding pragmatic global solutions for the wellbeing of all, and in doing
so, manifest the true spirit of 'Vasudhaiva Kutumbakam' or the 'World is One Family'.